ABSTRACT
In the epoch of civilization, at which the authors are arrived, no labour can be accomplished without a capital to set it in motion; but this capital, though almost constantly represented by money, is yet quite a different thing. If it then be asked why he stops, he will answer, like the workman, that money is wanting, that money does not circulate. Money serves but to represent it, and always forms the smallest part of each merchants funds. It is neither richer nor poorer, for this alteration; its consumption will, as formerly, be fifty millions; and with regard to the money imported, apparently its industry required this money because of some slowdown in its circulation. The error of those who consider lenders as the true owners of the great mass of money, is more common, and somehow more tempting; it has no better basis in fact.
